Tag:
Harbinger Capital
Latest Headlines
Latest Headlines
Philip Falcone: Bad news continues to mount
The hits keep coming for hedge fund manager Philip Falcone. Fresh off the news that Goldman Sachs and Blackstone had redeemed funds comes word that the SEC is taking a look at a loan from one of Falcone's smaller funds to him personally.
The U.S. attorney's office for the southern district and
Falcone bets the farm on 4G, investors worried?
We recently noted hedge fund manager Philip Falcone's massive bet on wireless broadband . He has concentrated 40 percent of Harbinger Capital's two main funds in one company, LightSquared, a Reston, Va.-based telecom company formerly known as SkyTerra Communications.
The goals are daunting.
Hedge funds ratcheting down risk?
Hedge funds are still thriving overall, but the game has changed, we've noted. Which raises the question: Are funds getting more conservative in the face of heightened risks? The New York Post suggests that more funds are moving into cash, reducing leverage and sitting on gains. Harbinger Capi
Shorting financials is in vogue
In the aftermath of the Bear Stearns blowup, not everyone was sobbing in their beer. A handful of hedge funds--the likes of Paulson & Co., Harbinger Capital, and Greenlight Capital--made a pretty penny by shorting the company, notes Financial News Online. The irony is that some of thes
